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What is Oasis Network (ROSE)?

Oasis Network (ROSE) is a decentralized Layer-1 blockchain network designed to be privacy-focused and versatile, an alternative to Ethereum (ETH) with its scalability. Built using the Cosmos SDK, Oasis Network uses the Proof-of-Stake (PoS) model as its consensus mechanism.

Oasis Network makes a difference by providing both scalability and data privacy thanks to its double-layer structure. In the Oasis Network, the ParaTime Layer, which contains many parallel runtimes representing a replicated transaction environment, and the Consensus Layer, where transactions are verified and the security of the network is ensured, are separated from each other. In this way, Oasis Network does not have to sacrifice network security while accelerating transactions.

ROSE coin project

ROSE coin is the native cryptocurrency of Oasis Network, a privacy-focused scalable blockchain project. ROSE coin is used for payment of transaction fees, staking and delegation on the Consensus Layer of the Oasis Network. Those who want to run a node on the network must also stake ROSE coins.

Who are the founders of the ROSE coin project?

Oasis Labs, the company that developed the Oasis Network, was founded in 2018 by Professor Dawn Song, who works at the University of California at Berkley. The development team raised $45 million in investment from entities such as a16z, Polychain Capital and Binance Labs.

Currently, the Oasis Network development team consists of researchers, security experts, and privacy activists who have come together with the aim of creating a reliable data economy platform. The team, which includes employees from many countries, includes names from companies such as Apple, Google, Amazon, Goldman Sachs, and academicians from important schools such as UC Berkeley University, Carnegie Mellon University, Stanford University, and Harvard University.